Monday, April 9, 2012

Lamar Odom, Mavs sever ties

The Mavericks and Odom spent Easter Sunday working out a parting, according to sources close to the situation, that frees the struggling Odom to leave the team immediately without actually being released.

"The Mavericks and I have mutually agreed that it's in the best interest of both parties for me to step away from the team," Odom said in a statement to ESPN.com.

"I'm sorry that things didn't work out better for both of us, but I wish the Mavs' organization, my teammates and Dallas fans nothing but continued success in the defense of their championship."

Sources said Monday that Odom's departure will be immediate and that the Mavericks intend to simply list him as inactive for the rest of the season instead of outright releasing him, leaving open the possibility that they could still trade him after the season in conjunction with the draft. Any team that has Odom on its roster as of June 29 must buy him out by that date for $2.4 million or otherwise accept responsibility for the full $8.2 million that Odom is scheduled to earn in 2012-13. via ESPN